latest news releases from the newsroom
Berger & Montague PC
Enron Top Executives Sold More Than $100 Million of Personal Holdings in Enron While Misrepresenting Company's Financial Situation, Alleges a Complaint Filed By Berger & Montague, P.C. -- ENE
PHILADELPHIA, Nov. 15, 2001 (PRIMEZONE) -- The law firm of Berger & Montague, P.C., (http://www.bergermontague.com) filed a class action suit on behalf of an investor against Enron Corp. (``Enron'' or the ``Company'') (NYSE:ENE) and its principal officers and directors in the United States District Court for the Southern District of Texas on behalf of all persons or entities who purchased Enron securities during the period from March 30, 2000 through and including October 18, 2001, inclusive (the ``Class Period''). It is expected that the class period will be extended to include the period from January 18, 1999 through November 8, 2001.
Ahold Set to Complete Acquisition of Alliant Foodservice by End of November
ZAANDAM, The Netherlands, Nov. 15, 2001 (PRIMEZONE) -- Ahold (NYSE:AHO), the food retail and foodservice company, today announced that the waiting period under the United States Hart-Scott-Rodino Antitrust Improvements Act with respect to its acquisition of Alliant Exchange, Inc. expired on November 14, 2001, without objection by the Federal Trade Commission (FTC).
SurgiCare Extends Relationship with Microsoft Great Plains Business Solutions
HOUSTON, Nov. 15, 2001 (PRIMEZONE) -- SurgiCare, Inc. (AMEX:SRG), a Houston-based Ambulatory Surgical Center (ASC) company, announced today that it had elected to renew its reselling partnership with Microsoft(r) Great Plains(r) Business Solutions to enhance its accounting platform. The Microsoft Great Plains Dynamics solution is expected to play a key role as the company expands its ASCs across the country.
KMG Chemicals, Inc.
KMG Chemicals Announces Startup of MSMA Bueno6 Plant
HOUSTON, Nov. 15, 2001 (PRIMEZONE) -- KMG Chemicals, Inc. (Nasdaq:KMGB), a global provider of specialty chemicals in carefully focused markets, today announced that its MSMA plant in Matamoros, Mexico is completing final tests and is expected to begin commercial production in late November, 2001. The herbicide MSMA, or monosodium methanearsonate, protects cotton crops from undesirable weed and grass growth. It will be marketed under the trade names Bueno(r) 6 and Ansar(r) 6.6, primarily to the cotton-growing regions of the southern states and California.
Citizens Capital Corp.
Citizens Capital SCOR Brands Footwear Unit Opens for Trading
DALLAS, Nov. 15, 2001 (PRIMEZONE) -- Citizens Capital Corp. (OTCBB:CAAP) (CUSIP #174445106) today announced that the common shares of its SCOR Brands Inc. athletic footwear unit has opened for secondary trading. SCOR Brands, Inc. common stock trades in the Over-the-Counter institutional and dealer market under the symbol: SCIZY (CUSIP #784026106). Market investors, dealers and institutions are provided with an early opportunity to position themselves for allocations prior to any general offering to be undertaken. SCOR Brands, Inc. is the branded athletic footwear subsidiary of Citizens Capital Corp. SCOR(r) offers several categories and styles of branded basketball, jogging, golf and outdoor footwear products which compete in the same consumer footwear market led by Nike Inc. (NYSE:NKE) and Reebok International Ltd. (NYSE:RBK). SCOR has moved to thrust itself into the $13 billion athletic footwear market. SCOR products may be previewed at its online SCOR(r) Store located at: www.scorbrands.com.
Citizens Capital Corp.
Citizens Capital Subscription Rights Open for Trading; Effects Spin Off
DALLAS, Nov. 15, 2001 (PRIMEZONE) -- Citizens Capital Corp. (OTCBB:CAAP) (CUSIP #174445106) today announced that its Citizens Capital Corp. Class A Subscription Rights have opened for secondary trading. The rights trade in the Over-the-Counter institutional and dealer market under the symbol: CAAPR (CUSIP #174445122). Total Citizens Capital Corp. Class A Subscription Rights outstanding are 48,022,500. Each (5) Rights purchases (1) share of SCOR Brands, Inc. common stock from Citizens Capital Corp. at $0.52 per share. SCOR Brands, Inc. common stock trades in the Over-the-Counter institutional and dealer market under the symbol: SCIZY (CUSIP #784026106). After the basic (5) for (1) subscription is fulfilled, rights holders may over-subscribe to the SCOR Brands shares on an unlimited basis at $0.52 per share. Fully subscribed, the subscription rights shall effect the spin off of approximately 30 percent of Citizens Capital Corp.'s SCOR Brands, Inc. athletic footwear unit or 9,604,500 SCOR Brands, Inc. common shares. The subscription period expires November 30, 2001.
ASM International NV
ASM International N.V. Announces Private Placement of $100 Million Convertible Subordinated Notes
BILTHOVEN, The Netherlands, Nov. 15, 2001 (PRIMEZONE) -- ASM International (Nasdaq:ASMI) (Euronext Amsterdam:ASM) announced today the private placement of $100 million of 5.0% convertible subordinated notes due 2005. The notes are convertible into ASM International common shares at the conversion ratio of 53.0504 shares per each $1,000 of notes, representing a conversion price of 120% of the closing sale price of the common shares on The Nasdaq National Market on November 14, 2001.